Greenwich Wealth Management LLC Boosts Stock Holdings in Accenture plc (NYSE:ACN)

Greenwich Wealth Management LLC boosted its holdings in Accenture plc (NYSE:ACN) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,523 shares of the information technology services provider’s stock after buying an additional 66 shares during the period. Greenwich Wealth Management LLC’s holdings in Accenture were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Thompson Siegel & Walmsley LLC lifted its stake in Accenture by 63.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 12,912 shares of the information technology services provider’s stock valued at $3,918,000 after acquiring an additional 5,000 shares during the period. Rock Point Advisors LLC grew its position in Accenture by 17.8% in the 2nd quarter. Rock Point Advisors LLC now owns 28,826 shares of the information technology services provider’s stock worth $8,746,000 after purchasing an additional 4,357 shares during the period. Wilkins Investment Counsel Inc. boosted its stake in shares of Accenture by 1.5% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 20,620 shares of the information technology services provider’s stock worth $6,256,000 after buying an additional 300 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Accenture during the 2nd quarter valued at about $2,994,000. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Accenture by 139.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 8,630 shares of the information technology services provider’s stock valued at $2,619,000 after buying an additional 5,029 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ACN shares. TD Cowen raised their target price on shares of Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on shares of Accenture in a report on Monday, June 24th. They issued a “neutral” rating and a $335.00 target price for the company. Susquehanna lowered their price objective on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Guggenheim restated a “buy” rating and set a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. Finally, Morgan Stanley lowered Accenture from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $382.00 to $300.00 in a research report on Wednesday, June 26th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.68.

Accenture Trading Down 0.1 %

Shares of ACN opened at $349.58 on Monday. The firm has a market cap of $219.08 billion, a PE ratio of 32.01, a P/E/G ratio of 3.82 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a fifty day moving average price of $328.08 and a 200-day moving average price of $323.04.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. Accenture’s revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the sale, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares in the company, valued at $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 over the last 90 days. 0.07% of the stock is currently owned by company insiders.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.